Physician Average Salary: Medscape Compensation Report 2014 The most current physician salary details by medical specialty. In this year's report, male physicians in primary care earned 23% more than female physicians, and male specialists earned 31% more than female specialists. Arkansas $326,00 The margin of error for the survey was +/- 0.69% at a 95% confidence level. 2. Despite an overall increase, one in five physicians (21%) reported that their salaries fell in 2021, with 70% citing the impact of pandemic-related office closures and loss of patient volume. Can moving to a new city or state increase your compensation? We've brought the report to you in a. A recruiter's guide to physician salary and compensation surveys are not responsible for the accuracy of news releases posted to EurekAlert! The Medscape report cited average compensation of $359,000 for self-employed physicians, compared to $289,000 for employed physicians. Average compensation for Hispanic/Latino physicians was $303,000. Read More. Disclaimer: AAAS and EurekAlert! Please confirm that you would like to log out of Medscape. In this year's report, male physicians in primary care earned 23% more than female physicians, and male specialists earned 31% more than female specialists. The 2022 report surveyed 13,000 physicians across 29 specialties from October 5 . Medscape's 2014 Physician Compensation Report provides the most recent salary data from over 24,000 physicians across 25 specialties. 1 This finding is a larger increase than from 2018 to 2019, during which rheumatologists saw an average $3,000 increase, fro. Medscape Physician Compensation Report - WebMD The 2023 Medscape Physician Compensation Survey was completed by 10,011 physicians representing 29 specialty areas. The amount of time physicians spend on paperwork and administrative tasks continues to increase, with nearly three quarters (71%) spending more than 10 hours per week on paperwork -an increase of 13 percentage points in one year. The highest-paid physicians were plastic surgeons ($576,000), orthopedists ($557,000), and cardiologists ($490,000), while primary care physicians, pediatricians, and public health and preventive medicine specialists reported the lowest compensation, at$255,000, $244,000 and $243,000, respectively. The Medscape Physician Compensation Report is the physician-preferred salary report. US physicians rely on this report to access Lowest paid specialties were infectious disease($262,000), family medicine($255,000), pediatrics($251,000)and public health and preventive medicine($249,000). About 44% of physicians reported reductions in patient volume and nearly one in four saw a decrease in hours. Overwhelmingly (more than 90 percent) of ophthalmologists, orthopedic surgeons, dermatologists, gastroenterologists, urologists, and radiologists would choose their specialty again. If you're contemplating where to locate your practice, check out our list and decide which factors are important to you. and C.E. Medscape is the leading source of clinical news, health information, and point-of-care tools for health care professionals. P: 212-624-3885 US physicians rely on this report to access The global pandemic has devastated the US economy, including physician income. The margin of. Medscape looked at factors that contribute to enjoyment in life and in medical practice, and chose the places most likely Average compensation was $300,000 for Asian physicians and $281,000 for African American/Black physicians. The margin of error for the survey was +/- 0.86% at a 95% confidence level using a point estimate of 50%. See more here: https://press.doximity.com/reports/doximity-physician-compensation-report-2023.pdf 502 212 212 comments Best Add a Comment meikawaii 3 mo. feel about these often difficult situations. Others in the top 10 include Kentucky at $324,000, Tennessee and Connecticut at $323,000, and Georgia and Indiana at $322,000. 2020 Physician Compensation Overview Despite the COVID-19 pandemic and the uncertainty that came with it, top healthcare organizations MGMA and Medscape were able to put together and release their 2020 physician compensation overview - based on a combination of 2018, 2019 and 2020 data. Over 400,000 US physicians have used this report to access not only salary information, but also important factors affecting income, such as hours worked, time spent with patients, what they find most rewardingand most challengingabout their jobs, and more. Are there biases in compensation? Physician Compensation Report 2023 - Medscape The 2022 report surveyed 13,000 physicians across 29 specialties from October 5, 2021 to January 19, 2022. According to its website, the Physician Compensation and Productivity Survey report has been published for 25 years. Tell us in our comments section. In a year when physician salaries overall continued to climb, women in primary care earned 19% less than male physicians, compared to 25% less in 2018. As medical practices reopened and patient volume returned to pre-pandemic levels, salaries also increased to an overall average of$339,000(up from$299,999in 2020), a jump of more than 29% since 2015. 2020 Physician Compensation Overview - masc Medscape's 2014 survey of more than 24,000 physicians provides insights into doctors' incomes, attitudes, and practice changes as a result of healthcare reform. In addition, significant gender pay gaps persist, according to Medscape Physician Compensation Report 2017. 2022 physician salary report: Compensation rebounding post pandemic Women earned 25% less than men in primary care. used physician salary survey in the United States for the ninth year in a row. Physicians experienced a challenging year on numerous fronts, including weathering the volatile financial impact of lockdowns, said Leslie Kane, MA, Senior Director, Medscape Business of Medicine. PDF 2023 Physician Compensation Yet, despite concerns regarding pay equity and skyrocketing bureaucratic demands, the majority of physicians remain committed to the profession and are happy they chose to be doctors. To the extent that respondents answered honestly, 42 percent claimed that theyre very satisfied with their performance and 49 percent said that they're satisfied. what they find most rewardingand most challengingabout their jobs, and more. Public health and preventative medicine specialists, oncologists, and critical care physicians saw the lowest increases, from 1% to 3%. "That said, we're seeing little progress on pay equity although women have made inroads into many of the higher-earning specialties--, and physicians continue to raise the issue of workload and administrative demands. " Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. "We're seeing the impact of supply and demand on physicians' salaries in this year's report," said Leslie Kane, MA, Senior Director, Medscape Business of Medicine. Medscape's 2022 Physician Compensation Report: Physician Salary Rebound Across all physicians, the average compensation is now $313,000 solidly above $300,000 for the first time. Medscape is the leading source of clinical news, health information, and point-of-care tools for health care professionals. The 2022 Medscape Physician Compensation Report was completed by 13,064 Medscape member physicians representing more than 29 specialty areas, currently practicing in the U.S. Otolaryngologists, gastroenterologists, and dermatologists saw the largest salary increases, between 11% and 13%. Still, most physicians (73%) said they would choose medicine again, citing the rewards of doing something they're good at (30%), gratitude from and relationships with patients (24%), and helping others (19%). Public health and preventive medicine was the lowest-earning specialty, at $209,000, substantially below pediatrics, which had the second lowest compensation. Respondents were invited to respond to the online survey. Respondents were invited to. Public health and preventative medicine specialists, oncologists, and critical care physicians saw the lowest increases, from 1% to 3%. Just more than half of pediatricians surveyed are happy with their pay, whereas nearly a third of those unhappy with their compensation say they should make at least a quarter more. Respondents were invited to respond to the online survey. 2023 Physician Compensation Report is out Average compensation is down 2.4% despite inflation in 2022 peaking at 9.1%. COVID took a terrible emotional toll on physicians and healthcare workers, and many are still struggling financially, but our findings showed that physicians will innovate and change quickly to meet the needs of patients through extremely difficult times.. Geography matters a lot Although compensation has always been an important factor in how satisfied physicians feel with their practice lives, its not the only key determinant, based on numerous surveys results in recent years. All material on this website is protected by copyright, Copyright 1994-2023 by WebMD LLC. Medscape Physician Compensation Report 2023: Your Income vs Your Peers' African-American physicians earn 15% less than Caucasian physicians, ($303,000 vs. $262,000), according to the survey, and they are less likely to feel fairly compensated (57% of white physicians . NEW YORK, April 11, 2018 - Salaries for U.S. physicians edged higher this past year, with compensation increasing modestly for most specialties, while jumping 16% for psychiatrists. We also see the influence of the opioid epidemic and the demand for psychiatrists to treat aging patients leading to increased salaries.". More than 20,000 U.S. physicians across 29 specialties responded to the survey. One factor contributing to the overall pay disparity is that more women than men tend to choose lower-paying specialties. By signing up you agree to receive content from us. Similarly, only 52 percent of plastic surgeons and 49 percent of urologists consider their compensation satisfactory. Please confirm that you would like to log out of Medscape. Despite the continued trend toward physician employment by hospitals and health systems and the decline in doctors choosing private group practice or solo employment, self-employed physicians still outstrip their employed counterparts in the earnings department. Physician salaries are on the rise Income is up from the previous year for most physicians, but some of that growth is compensating for income decline in 2020. Includes data from more than 22,000 US physicians and reveals rarely shared information on personal income, patient load, time spent per patient, attitudes toward insurers, and much more. US physician rely on these report for access not only salary and incentive bonus information, and also important factors affecting income, such as hours labored, incentive . Which are the highest-demand specialities? "Although physicians put paperwork and long hours at the top of their list of professional challenges, we continue to see an abiding sentiment across all specialties that being a physician is rewarding, despite the issues," said Medscape Chief Medical Director Michael Smith, M.D. While most physicians said they would continue to see Medicare and Medicaid patients, the percentage dropped from 71% to 65% from the previous year. About one in four physicians (25%) feel competition from nurse practitioners (NPs), physician assistants (PAs), naturopaths, and other non-physician practitioners; more than half use NPs in their practice. "The lack of salary transparency adds to the challenges of addressing gender-based pay disparities. The 2022 Medscape Physician Compensation Report was completed by 13,064 Medscape member physicians representing more than 29 specialty areas, currently practicing in the U.S. 2022 cardiology salary report: Cardiologists' compensation grows However, the combination of government pandemic relief programs, staff reductions, capitation plans which continued to pay physicians, and reimbursement for telemedicine visits blunted the impact. This website also contains material copyrighted by 3rd parties. Oklahoma $337,000 About one in four physicians (25%) feel competition from nurse practitioners (NPs), physician assistants (PAs), naturopaths, and other non-physician practitioners; more than half use NPs in their practice. Over 400,000 US physicians have used this report to access not only salary information, but also important factors affecting income, such as hours worked, time spent with patients, what . As in previous reports, nearly one in four physicians (23%) cited too many rules and regulations as the most challenging aspect of patient practice and 15% pointed to difficult patients and long hours. Rheumatology Urology Survey Methodology Sample size: 13,064 physicians across 29+ specialties met the screening criteria Recruitment period: October 5, 2021, through January 19, 2022 Data. The WebMD Health Network includes WebMD Health, Medscape, Jobson Healthcare Information, MediQuality, Frontline, Vitals Consumer Services, Aptus Health, Krames, PulsePoint, The Wellness Network, SanovaWorks, MedicineNet, eMedicineHealth, RxList, OnHealth, Medscape Education, and other owned WebMD sites. Approximately 20,000 physicians in more than The Ultimate Guide to Physician Salaries - Short White Coats For female physicians awaiting the closing of the longstanding pay disparity between men and women in medicine, the news from the Medscape report, which surveyed 19,328 physicians in more than 30 specialties, is not good. Within the primary care specialties, gaps are lessening. The Medscape Physician Compensation Report is the most comprehensive and widely used physician salary survey in the United States for the seventh year in a row. Will they be firing or hiring next year? Similarly, specialists average salaries dropped $2,000 to $344,000. Pulmonary Medicine. As in previous reports, nearly one in four physicians (23%) cited too many rules and regulations as the most challenging aspect of patient practice and 15% pointed to difficult patients and long hours. What is taking hold, however, is the Merit-Based Incentive Payment System, called MIPS. Medscape Education (medscape.org) is the leading destination for continuous professional development, consisting of more than 30 specialty-focused destinations offering thousands of free C.M.E. The Medscape Report is the most comprehensive and widely used physician salary survey in the U.S., assessing compensation, hours worked, time spent with patients, and what they find most. The new Medscape Compensation Report finds that family physicians, with a 1% increase to $209,000, fell to second-lowest pay rank this year. Overall, however, the Medscape compensation report found that physicians who practice in regions that lie between the two historically desirable East and West Coasts of the country tend to out-earn their counterparts in the states with the most popular urban areas, such as San Francisco, Seattle, New York, and Boston. "That said, the issue of physician burnout, fueled by long hours and bureaucratic burdens, continues to have an impact on how physicians view their careers, their satisfaction with pay, and other aspects of medicine. Nevada $329,000 The Medscape report cited average compensation of $359,000 for self-employed physicians, compared to $289,000 for employed physicians. Cardiology took the fourth spot at $430,000, and dermatology and radiology shared the fifth, at $419,000. Only about half of the internists who responded to the Medscape compensation survey are happy with their current income; most of the others say they should make at least 26% more than they do now. not only salary information, but also important factors affecting income, such as hours worked, time spent with patients, courses and other educational programs for physicians, nurses, and other health care professionals. All material on this website is protected by copyright, Copyright 1994-2023 by WebMD LLC. Average compensation for male specialists was $372,000, compared to $280,000 for female specialists a 33 percent difference. The highest-paid physicians were plastic surgeons ($576,000), orthopedists ($557,000), and cardiologists ($490,000), while primary care physicians, pediatricians, and public health and preventive medicine specialists reported the lowest compensation, at$255,000, $244,000 and $243,000, respectively. Gender gap still a big issue If you log out, you will be required to enter your username and password the next time you visit. More than 19,200 physicians in more than 27 specialties responded to this year's Medscape compensation survey. 5. There are numerous factors that affect how much physicians earn in different regions of the country. Salary Explorer Medscape's annual Physician Compensation Survey is the gold standard for physician salary information across the United States. The annual Medscape Physician Compensation Report is the most comprehensive and widely used physician salary survey in the U.S., assessing compensation, hours worked, time spent with patients, and what they find most rewarding -- and challenging -- about their jobs. by contributing institutions or for the use of any information through the EurekAlert system. This website also contains material copyrighted by 3rd parties. 1. A new Medscape report shows primary care salaries are up 21.5% since 2015 and specialists' are up 20%. Racial disparities in compensation remained unchanged, with African-American/black physicians earning an average $50,000 less per year than white physicians ($308,000 for white physicians versus $258,000 for black physicians). Nearly one in four doctors reduced their hours during the pandemic, but 58% of primary care physicians and 65% of specialists said income and average hours worked per week are now at pre-pandemic levels. Medscape also asked physicians to rate how they view their own performance. The annual Medscape physician compensation report delivered a mix of good news and not-so-good news. , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://www.medscape.com/slideshow/2022-compensation-overview-6015043?faf=1, Medscape Physician Compensation Report: Salaries Continue to Rise as Gender Gap Narrows; Largest Difference for Women Seen in Primary Care, Medscape Physician Burnout and Depression Report: Burnout Worsening, Depression Increasing. The Medscape report also found compensation disparities among ethnicities. Overall, Caucasian physicians (who accounted for 75 percent of all specialist respondents) had an average income of $319,000 across all specialties, and mixed-race physicians earned $303,000. As physicians and their employing entities are increasingly on the hook for measuring and reporting both quality and care-cost-associated financial performance, it stands to reason that payment models are shifting. Medscape offers primary care physicians, subspecialists, and other health professionals the most robust and integrated medical information and educational tools. say they perform at least 10 hours of administrative tasks a week. Despite an overall increase, one in five physicians (21%) reported that their salaries fell in 2021, with 70% citing the impact of pandemic-related office closures and loss of patient volume. "The growing need for more doctors as the population ages is pushing salaries higher. Medscape Physician Compensation Report Shows Salaries Held Steady Medscape offers specialists, primary care physicians, and other health professionals the most robust and integrated medical information and educational tools. The 2022 report surveyed 13,000 physicians across 29 specialties from October 5 . Physician Compensation Report 2014 - Medscape As medical practices reopened and patient volume returned to pre-pandemic levels, salaries also increased to an overall average of$339,000(up from$299,999in 2020), a jump of more than 29% since 2015. Public Health. We are encouraged to see continued efforts by the medical community.". Those range from local payer mix, to physician supply and demand, and from the state malpractice environment to the prevalence of manage care. About 45% of doctors said they experienced no loss of income, but 13% reported there were months when they had no income at all.. Participants were invited to respond to an online survey. This year's Medscape Physician Compensation Report places US oncologists in about the middle of the pack compared to other specialists, with almost all respondents saying they made the right choice when selecting their specialty. Medscape Physician Compensation Report: Salaries Continue to Rise as The 2021 Medscape Physician Compensation Survey was completed by 17,903 physicians representing 29 specialty areas, including Medscape members and nonmembers. Among those dissatisfied with pay, more than a third say they should make 26% to 50% more. Medscape offers specialists, primary care physicians, and other health professionals the most robust and integrated medical information and educational tools. courses and other educational programs for doctors, nurses, and other healthcare professionals. Asian-American physicians earned an average $293,000 per year and Hispanic/Latino physicians earned an average $278,000. The 2014 Medscape Physician Compensation Report compares compensation among physicians and discusses their career satisfaction, the gender pay disparity, and the effects of the Affordable Care Act. Medscape is a subsidiary of WebMD Health Corp. About WebMDWebMD Health Corp., an Internet Brands Company, is the leading provider of health information services, serving patients, physicians, health care professionals, employers, health plans, and health systems through public and private online portals, mobile platforms, and health-focused publications. used physician salary survey in the United States for the tenth year in a row. , . For example, even though orthopedic surgeons out-earned all other specialties, only 52 percent reported being satisfied with their compensation. Plastic surgeons were the highest earning physicians this past year ($526,000), experiencing a 10% spike over the previous year. In the 2019 Medscape survey, 28 percent of physicians reported accountable care organization (ACO) participation, up from only 3 percent in 2011 but down significantly from 36 percent in 2017.